**SECURITIES        AND EXCHANGE COMMISSION**

**FORM        10-Q**

| x | Quarterly                    Report pursuant to Section 13 or 15 (d) of the Securities Exchange                    Act of                    1934 for the quarterly period ended September 30,                    2005 |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | Transition                    Report pursuant to Section 13 or 15(d) of the Securities Exchange                    Act of                    1934 for the transition period from _____ to                    _____ |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**WGNB        CORP.**

| Georgia                                   | 58-1640130                                                             |
|-------------------------------------------|------------------------------------------------------------------------|
| (State                  of Incorporation) | (I.R.S.                  Employer Identification                  No.) |

| Class                                          | Outstanding                  at November 10,                  2005 |
|------------------------------------------------|--------------------------------------------------------------------|
| Common                  Stock, $1.25 par value | 3,325,005                                                          |

----

**WGNB        CORP.**

**INDEX        TO FORM 10-Q**

| **Item                  Number****in                  Form 10-Q** |   |  **Description**                                                                                                                                                    |   |  **Page** |
|-------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|
|                                                              |   |                                                                                                                                                                     |   |           |
| **Part                  One**                                     |   | **Financial                  Information**                                                                                                                               |   |           |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  1.                                          |   | Financial                  Statements                                                                                                                                    |   | 1              |
|                                                              |   |                                                                                                                                                                     |   |           |
|                                                              |   | Consolidated                  Balance Sheets at September 30, 2005 and December 31, 2004                                                                                 |   | 2              |
|                                                              |   |                                                                                                                                                                          |   |           |
|                                                              |   | Consolidated                  Statements of Earnings for the Three Months Ended September 30,                  2005 and                  September 30, 2004              |   | 3              |
|                                                              |   |                                                                                                                                                                     |   |           |
|                                                              |   | Consolidated                  Statements of Comprehensive Income for the Three Months Ended September                  30, 2005 and September 30, 2004                   |   | 4              |
|                                                              |   |                                                                                                                                                                     |   |           |
|                                                              |   | Consolidated                  Statements of Earnings for the Nine Months Ended September 30,                  2005 and                  September 30, 2004               |   | 5              |
|                                                              |   |                                                                                                                                                                     |   |           |
|                                                              |   | Consolidated                  Statements of Comprehensive Income for the Nine Months Ended September                  30,                  2005 and September 30, 2004   |   | 6              |
|                                                              |   |                                                                                                                                                                     |   |           |
|                                                              |   | Consolidated                      Statements of Cash Flows for the Nine Months Ended September                      30, 2005 and                      September 30, 2004 |   | 7              |
|                                                              |   |                                                                                                                                                                     |   |           |
|                                                              |   | Notes                  to Consolidated Financial Statements                                                                                                              |   | 9              |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  2.                                          |   | Management’s                  Discussion and Analysis of Financial Condition and Results of                  Operations                                            |   | 12             |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  3.                                          |   | Quantitative                  and Qualitative Disclosures About Market Risk                                                                                              |   | 17             |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  4.                                          |   | Controls                  and Procedures                                                                                                                                 |   | 17             |
|                                                              |   |                                                                                                                                                                     |   |           |
| **Part                  Two**                                     |   | **Other                  Information**                                                                                                                                   |   |           |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  1.                                          |   | Legal                  Proceedings                                                                                                                                       |   | 18             |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  2.                                          |   | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                                                             |   | 18             |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  3.                                          |   | Defaults                  Upon Senior Securities                                                                                                                         |   | 18             |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  4.                                          |   | Submission                  of Matters to a Vote of Security Holders                                                                                                     |   | 18             |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  5.                                          |   | Other                  Information                                                                                                                                       |   | 18             |
|                                                              |   |                                                                                                                                                                     |   |           |
| Item                  6.                                          |   | Exhibits                                                                                                                                                                 |   | 18             |
|                                                              |   |                                                                                                                                                                     |   |           |
|                                                              |   | Signatures                                                                                                                                                               |   | 20             |

----

**Part        I - Financial Information**

**Item        1.**
**Financial        Statements**

----

**WGNB        CORP.**

**Consolidated        Balance Sheets**

|                                                                                                                                                                              |   | September                  30, 2005 |        | December                  31, 2004 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|-------------|------------------------------------|--------|
|                                                                                                                                                                              |   | (unaudited)                    |        | (audited)                          |   |
| Assets                                                                                                                                                                            |   |
|                                                                                                                                                                              |   |                                |        |                               |   |
| Cash                        and due from banks, including reserve requirements of $100,000                                                                                        |   | $                                   | 19,868,471  |                               |   | 7,288,973 |   |
| Federal                  funds sold                                                                                                                                               |   |                                | 11,987,785  |                               |   | 767,270 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Cash                  and cash equivalents                                                                                                                                        |   |                                | 31,856,256  |                               |   | 8,056,243 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Securities                  available for sale                                                                                                                                    |   |                                | 56,252,327  |                               |   | 60,867,553 |   |
| Securities                  held to maturity                                                                                                                                      |   |                                | 6,862,087   |                               |   | 4,834,649 |   |
| Loans,                  net                                                                                                                                                       |   |                                | 406,447,996 |                               |   | 352,247,628 |   |
| Premises                  and equipment, net                                                                                                                                      |   |                                | 7,970,387   |                               |   | 7,644,879 |   |
| Accrued                  interest receivable                                                                                                                                      |   |                                | 2,547,995   |                               |   | 2,097,166 |   |
| Other                  assets                                                                                                                                                     |   |                                | 6,289,595   |                               |   | 6,180,855 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
|                                                                                                                                                                              |   | $                                   | 518,226,643 |                               |   | 441,928,973 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Liabilities                  and Stockholders’ Equity                                                                                                                       |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Deposits:                                                                                                                                                                         |   |                                |        |                               |   |   |   |
| Demand                                                                                                                                                                            |   | $                                   | 47,707,538  |                               |   | 44,730,335 |   |
| Interest                  bearing demand                                                                                                                                          |   |                                | 143,680,896 |                               |   | 133,603,250 |   |
| Savings                                                                                                                                                                           |   |                                | 12,112,828  |                               |   | 11,856,408 |   |
| Time                                                                                                                                                                              |   |                                | 100,421,456 |                               |   | 92,704,938 |   |
| Time,                  over $100,000                                                                                                                                              |   |                                | 110,350,692 |                               |   | 55,503,108 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Total                  deposits                                                                                                                                                   |   |                                | 414,273,410 |                               |   | 338,398,039 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Federal                  Home Loan Bank advances                                                                                                                                  |   |                                | 52,000,000  |                               |   | 55,000,000 |   |
| Accrued                  interest payable                                                                                                                                         |   |                                | 1,804,878   |                               |   | 1,426,132 |   |
| Other                  liabilities                                                                                                                                                |   |                                | 2,839,859   |                               |   | 2,142,492 |   |
| Total                  liabilities                                                                                                                                                |   |                                | 470,918,147 |                               |   | 396,966,663 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Stockholders’                  equity:                                                                                                                                      |   |                                |        |                               |   |   |   |
| Common                      stock, $1.25 par value, 10,000,000 shares authorized; 3,325,005                      and                      3,325,774 shares issued and outstanding |   |                                | 4,156,256   |                               |   | 4,157,218 |   |
| Additional                  paid-in capital                                                                                                                                       |   |                                | 4,876,453   |                               |   | 4,902,369 |   |
| Retained                  earnings                                                                                                                                                |   |                                | 37,653,271  |                               |   | 34,778,931 |   |
| Accumulated                  comprehensive income                                                                                                                                 |   |                                | 622,516     |                               |   | 1,123,792 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
| Total                  stockholders’ equity                                                                                                                                 |   |                                | 47,308,496  |                               |   | 44,962,310 |   |
|                                                                                                                                                                              |   |                                |        |                               |   |   |   |
|                                                                                                                                                                              |   | $                                   | 518,226,643 |                               |   | 441,928,973 |   |

*See        accompanying notes to consolidated financial statements.*

----

**WGNB        CORP.**

**Consolidated        Statements of Earnings**

**For        the Three Months Ended September 30, 2005 and 2004**

**(unaudited)**

|                                                                 |   |  For                  the Three Months Ended |      |
|----------------------------------------------------------------------|--------|---------------------------------------------------|-----------|
|                                                                 |   | September                  30, 2005               |      | September                  30, 2004 |   |
| Interest                  income:                                    |   |                                              |      |   |   |
| Interest                  and fees on loans                          |   | $                                                 | 7,579,478 |   |   | 5,563,315 |   |
| Interest                  on federal funds sold                      |   |                                              | 99,054    |   |   | 62,448 |   |
| Interest                  on investment securities:                  |   |                                              |      |   |   |   |   |
| U.S.                  Government agencies                            |   |                                              | 247,373   |   |   | 246,551 |   |
| State,                  county and municipal                         |   |                                              | 390,866   |   |   | 367,820 |   |
| Other                                                                |   |                                              | 203,751   |   |   | 171,315 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Total                  interest income                               |   |                                              | 8,520,522 |   |   | 6,411,449 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Interest                  expense:                                   |   |                                              |      |   |   |   |   |
| Interest                  on deposits:                               |   |                                              |      |   |   |   |   |
| Demand                                                               |   |                                              | 902,226   |   |   | 283,320 |   |
| Savings                                                              |   |                                              | 22,708    |   |   | 11,028 |   |
| Time                                                                 |   |                                              | 1,967,046 |   |   | 1,067,512 |   |
| Interest                  on FHLB and other borrowings               |   |                                              | 560,784   |   |   | 550,667 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Total                  interest expense                              |   |                                              | 3,452,764 |   |   | 1,912,527 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Net                  interest income                                 |   |                                              | 5,067,758 |   |   | 4,498,922 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Provision                  for loan losses                           |   |                                              | 450,000   |   |   | 275,000 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Net                  interest income after provision for loan losses |   |                                              | 4,617,758 |   |   | 4,223,922 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Other                  income:                                       |   |                                              |      |   |   |   |   |
| Service                  charges on deposit accounts                 |   |                                              | 1,046,288 |   |   | 1,039,458 |   |
| Mortgage                  origination fees                           |   |                                              | 118,909   |   |   | 123,467 |   |
| Gain                  on sale of securities available for sale       |   |                                              | 227,863   |   |   | — |   |
| Miscellaneous                                                        |   |                                              | 323,539   |   |   | 304,742 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Total                  other income                                  |   |                                              | 1,716,599 |   |   | 1,467,667 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Other                  expenses:                                     |   |                                              |      |   |   |   |   |
| Salaries                  and employee benefits                      |   |                                              | 2,232,152 |   |   | 2,075,185 |   |
| Occupancy                                                            |   |                                              | 532,146   |   |   | 471,091 |   |
| Other                  operating                                     |   |                                              | 950,145   |   |   | 835,974 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Total                  other expenses                                |   |                                              | 3,714,443 |   |   | 3,382,250 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Earnings                  before income taxes                        |   |                                              | 2,619,914 |   |   | 2,309,339 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Income                  taxes                                        |   |                                              | 762,704   |   |   | 743,980 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Net                  earnings                                        |   | $                                                 | 1,857,210 |   |   | 1,565,359 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Basic                  earnings per share                            |   | $                                                 | 0.56      |   |   | 0.47 |   |
| Diluted                  net earnings per share                      |   | $                                                 | 0.56      |   |   | 0.47 |   |
| Dividends                  declared per share                        |   | $                                                 | 0.235     |   |   | 0.1975 |   |

*See        accompanying notes to consolidated financial statements.*

----

**WGNB        CORP.**

**Consolidated        Statements of Comprehensive Income**

**For        the Three Months Ended September 30, 2005 and 2004**

**(unaudited)**

|                                                                 |   |  For                  the Three Months Ended |      |
|----------------------------------------------------------------------|--------|---------------------------------------------------|-----------|
|                                                                 |   |  September                  30, 2005    |      |  September                  30, 2004 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Net                  earnings                                        |   | $                                                 | 1,857,210 |   |   | 1,565,359 |   |
| Other                  comprehensive income (loss), net of tax:      |   |                                              |      |   |   |   |   |
| Unrealized                  gains (losses) on investment             |   |                                              |      |   |   |   |   |
| securities                  available for sale:                      |   |                                              |      |   |   |   |   |
| Unrealized                  (losses) gains arising during the period |   |                                              | (300,338  | ) |   | 1,221,894 |   |
| Associated                  benefit (taxes)                          |   |                                              | 102,115   |   |   | (415,444 | ) |
|                                                                 |   |                                              |      |   |   |   |   |
| Reclassification                  adjustment for gain realized       |   |                                              | (227,863  | ) |   | — |   |
| Associated                  taxes                                    |   |                                              | 77,473    |   |   | — |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Other                  comprehensive income (loss)                   |   |                                              | (348,613  | ) |   | 806,450 |   |
|                                                                 |   |                                              |      |   |   |   |   |
| Comprehensive                  income                                |   | $                                                 | 1,508,597 |   |   | 2,371,809 |   |

*See        accompanying notes to consolidated financial statements. *

----

**WGNB        CORP.**

**Consolidated        Statements of Earnings**

**For        the Nine Months Ended September 30, 2005 and 2004**

**(unaudited)**

|                                                                 |   |  For                  the Nine Months Ended |       |
|----------------------------------------------------------------------|--------|--------------------------------------------------|------------|
|                                                                 |   |  September                  30, 2005   |       |  September                  30, 2004 |   |
| Interest                  income:                                    |   |                                             |       |   |   |   |   |
| Interest                  and fees on loans                          |   | $                                                | 20,746,481 |   |   | 16,032,934 |   |
| Interest                  on federal funds sold                      |   |                                             | 188,010    |   |   | 113,914 |   |
| Interest                  on investment securities:                  |   |                                             |       |   |   |   |   |
| U.S.                  Government agencies                            |   |                                             | 759,969    |   |   | 731,244 |   |
| State,                  county and municipal                         |   |                                             | 1,219,141  |   |   | 1,084,275 |   |
| Other                                                                |   |                                             | 556,721    |   |   | 495,775 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Total                  interest income                               |   |                                             | 23,470,322 |   |   | 18,458,142 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Interest                  expense:                                   |   |                                             |       |   |   |   |   |
| Interest                  on deposits:                               |   |                                             |       |   |   |   |   |
| Demand                                                               |   |                                             | 2,140,253  |   |   | 802,060 |   |
| Savings                                                              |   |                                             | 60,112     |   |   | 32,245 |   |
| Time                                                                 |   |                                             | 4,822,753  |   |   | 2,811,348 |   |
| Interest                  on FHLB and other borrowings               |   |                                             | 1,744,734  |   |   | 1,838,594 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Total                  interest expense                              |   |                                             | 8,767,852  |   |   | 5,484,247 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Net                  interest income                                 |   |                                             | 14,702,470 |   |   | 12,973,895 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Provision                  for loan losses                           |   |                                             | 1,250,000  |   |   | 625,000 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Net                  interest income after provision for loan losses |   |                                             | 13,452,470 |   |   | 12,348,895 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Other                  income:                                       |   |                                             |       |   |   |   |   |
| Service                  charges on deposit accounts                 |   |                                             | 3,022,883  |   |   | 2,991,492 |   |
| Mortgage                  origination fees                           |   |                                             | 296,669    |   |   | 388,183 |   |
| Gain                  on sale of securities available for sale       |   |                                             | 227,863    |   |   | — |   |
| Miscellaneous                                                        |   |                                             | 982,654    |   |   | 842,697 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Total                  other income                                  |   |                                             | 4,530,069  |   |   | 4,222,372 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Other                  expenses:                                     |   |                                             |       |   |   |   |   |
| Salaries                  and employee benefits                      |   |                                             | 6,523,992  |   |   | 6,119,893 |   |
| Occupancy                                                            |   |                                             | 1,612,441  |   |   | 1,466,804 |   |
| Other                  operating                                     |   |                                             | 2,674,869  |   |   | 2,754,197 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Total                  other expenses                                |   |                                             | 10,811,302 |   |   | 10,340,894 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Earnings                  before income taxes                        |   |                                             | 7,171,237  |   |   | 6,230,373 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Income                  taxes                                        |   |                                             | 2,052,851  |   |   | 1,882,719 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Net                  earnings                                        |   | $                                                | 5,118,386  |   |   | 4,347,654 |   |
|                                                                 |   |                                             |       |   |   |   |   |
| Net                  earnings per share                              |   | $                                                | 1.54       |   |   | 1.32 |   |
| Diluted                  net earnings per share                      |   | $                                                | 1.53       |   |   | 1.30 |   |
| Dividends                  declared per share                        |   | $                                                | 0.675      |   |   | 0.5700 |   |

*See        accompanying notes to consolidated financial statements.*

----

**WGNB        CORP.**

**Consolidated        Statements of Comprehensive Income**

**For        the Nine Months Ended September 30, 2005 and 2004**

**(unaudited)**

|                                                           |   |  For                  the Nine Months Ended |      |
|----------------------------------------------------------------|--------|--------------------------------------------------|-----------|
|                                                           |   |  September                  30, 2005        |      |  September                  30, 2004 |   |
|                                                           |   |                                             |      |   |   |   |   |
| Net                  earnings                                  |   | $                                                | 5,118,386 |   |   | 4,347,654 |   |
| Other                  comprehensive loss, net of tax:         |   |                                             |      |   |   |   |   |
| Unrealized                  losses on investment               |   |                                             |      |   |   |   |   |
| securities                  available for sale:                |   |                                             |      |   |   |   |   |
| Unrealized                  losses arising during the period   |   |                                             | (531,645  | ) |   | (41,774 | ) |
|  Associated                  tax benefit                  |   |                                             | 180,759   |   |   | 14,203 |   |
|                                                           |   |                                             |      |   |   |   |   |
| Reclassification                  adjustment for gain realized |   |                                             | (227,863  | ) |   | — |   |
| Associated                  taxes                              |   |                                             | 77,473    |   |   | — |   |
|                                                           |   |                                             |      |   |   |   |   |
| Other                  comprehensive loss                      |   |                                             | (501,276  | ) |   | (27,571 | ) |
|                                                           |   |                                             |      |   |   |   |   |
| Comprehensive                  income                          |   | $                                                | 4,617,110 |   |   | 4,320,083 |   |

*See        accompanying notes to consolidated financial statements.*

----

**WGNB        CORP.**

**Consolidated        Statements of Cash Flows**

**For        the Nine Months Ended September 30, 2005 and 2004**

**(unaudited)**

|                                                                       |   |  For                  the Nine Months Ended |        |
|----------------------------------------------------------------------------|--------|--------------------------------------------------|-------------|
|                                                                       |   |  September                  30, 2005        |        |  September                  30, 2004 |   |
|                                                                       |   |                                             |        |   |   |   |   |
| Cash                  flows from operating activities:                     |   |                                             |        |   |   |   |   |
| Net                  earnings                                              |   | $                                                | 5,118,386   |   |   | 4,347,654 |   |
| Adjustments                  to reconcile net earnings to net cash         |   |                                             |        |   |   |   |   |
| provided                  by operating activities:                         |   |                                             |        |   |   |   |   |
| Depreciation,                  amortization and accretion                  |   |                                             | 813,778     |   |   | 781,218 |   |
| Provision                  for loan losses                                 |   |                                             | 1,250,000   |   |   | 625,000 |   |
| Gain                  on sale of securities available for sale             |   |                                             | (227,863    | ) |   | — |   |
| Loss                  on sale of other real estate                         |   |                                             | 5,972       |   |   | 52,312 |   |
| (Gain)                  loss on sale of premises and equipment             |   |                                             | 60,408      |   |   | (3,820 | ) |
| Change                  in:                                                |   |                                             |        |   |   |   |   |
| Other                  assets                                              |   |                                             | (525,430    | ) |   | (1,189,216 | ) |
| Other                  liabilities                                         |   |                                             | 978,808     |   |   | 908,405 |   |
|                                                                       |   |                                             |        |   |   |   |   |
| Net                  cash provided by operating activities                 |   |                                             | 7,474,059   |   |   | 5,521,553 |   |
|                                                                       |   |                                             |        |   |   |   |   |
| Cash                  flows from investing activities:                     |   |                                             |        |   |   |   |   |
| Proceeds                  from maturities of securities available for sale |   |                                             | 11,622,443  |   |   | 8,968,584 |   |
| Proceeds                  for sale of securities available for sale        |   |                                             | 3,789,185   |   |   | — |   |
| Purchases                  of securities available for sale                |   |                                             | (11,362,664 | ) |   | (9,481,579 | ) |
| Purchases                  of securities held to maturity                  |   |                                             | (2,027,003  | ) |   | (1,010,000 | ) |
| Net                  change in loans                                       |   |                                             | (55,585,641 | ) |   | (50,778,776 | ) |
| Proceeds                  from sale of premises and equipment              |   |                                             | 53,848      |   |   | 3,820 |   |
| Purchases                  of premises and equipment                       |   |                                             | (1,221,114  | ) |   | (979,908 | ) |
| Proceeds                  from sales of other real estate                  |   |                                             | 355,148     |   |   | 891,946 |   |
|                                                                       |   |                                             |        |   |   |   |   |
| Net                  cash used by investing activities                     |   |                                             | (54,375,798 | ) |   | (52,385,913 | ) |
|                                                                       |   |                                             |        |   |   |   |   |
| Cash                  flows from financing activities:                     |   |                                             |        |   |   |   |   |
| Net                  change in deposits                                    |   |                                             | 75,875,371  |   |   | 38,472,519 |   |
| Proceeds                  from Federal Home Loan Bank advances             |   |                                             | —     |   |   | 10,000,000 |   |
| Repayment                  of Federal Home Loan Bank advances              |   |                                             | (3,000,000  | ) |   | — |   |
| Proceeds                  from Federal Funds Purchased                     |   |                                             | 9,479,000   |   |   | 6,835,000 |   |
| Repayment                  of Federal Funds Purchased                      |   |                                             | (9,479,000  | ) |   | (6,835,000 | ) |
| Dividends                  paid                                            |   |                                             | (2,146,741  | ) |   | (1,805,483 | ) |
| Proceeds                  from exercise of stock options                   |   |                                             | —     |   |   | 204,414 |   |
| Retirement                  of common stock                                |   |                                             | (26,878     | ) |   | (578,679 | ) |
|                                                                       |   |                                             |        |   |   |   |   |
| Net                  cash provided by financing activities                 |   |                                             | 70,701,752  |   |   | 46,292,771 |   |
|                                                                       |   |                                             |        |   |   |   |   |
| Change                  in cash and cash equivalents                       |   |                                             | 23,800,013  |   |   | (571,589 | ) |
| Cash                  and cash equivalents at beginning of period          |   |                                             | 8,056,243   |   |   | 27,235,798 |   |
| Cash                  and cash equivalents at end of period                |   | $                                                | 31,856,256  |   |   | 26,664,209 |   |

*See        accompanying notes to consolidated financial statements.*

----

**WGNB        CORP.**

**Consolidated        Statements of Cash Flows, continued**

**For        the Nine Months Ended September 30, 2005 and 2004**

**(unaudited)**

|                                                               |   |  For                  the Nine Months Ended |      |
|--------------------------------------------------------------------|--------|--------------------------------------------------|-----------|
|                                                               |   |  September                  30, 2005        |      |  September                  30, 2004 |   |
|                                                               |   |                                             |      |   |   |   |   |
| Supplemental                  disclosure of cash flow information: |   |                                             |      |   |   |   |   |
| Cash                  paid during the period for:                  |   |                                             |      |   |   |   |   |
| Interest                                                           |   | $                                                | 8,389,106 |   |   | 5,204,457 |   |
| Income                  taxes                                      |   |                                             | 2,454,000 |   |   | 1,684,700 |   |
|                                                               |   |                                             |      |   |   |   |   |
| Non-cash                  investing and financing activities:      |   |                                             |      |   |   |   |   |
| Transfer                  of loans to other real estate            |   |                                             | 135,723   |   |   | 416,120 |   |
| Change                  in unrealized gains on                     |   |                                             |      |   |   |   |   |
| securities                  available for sale, net of tax         |   |                                             | (501,276  | ) |   | 27,571 |   |
| Change                  in dividends payable                       |   |                                             | 97,305    |   |   | 77,213 |   |
| Satisfaction                  of other liability with issuance     |   |                                             |      |   |   |   |   |
| of                  common stock                                   |   |                                             | 14,245    |   |   | 12,840 |   |

*See        accompanying notes to consolidated financial statements.*

----

**WGNB        Corp.**

**Notes        to Consolidated Financial Statements**

**September        30, 2005**

**(unaudited)**

| **(1)** | **Basis                  of Presentation** |
|---------|--------------------------------------------|

----

**WGNB        Corp.**

**Notes        to Consolidated Financial Statements**

**September        30, 2005**

**(unaudited)**

| **(1)** | **Basis                  of Presention, continued** |
|---------|-----------------------------------------------------|

|                                          |   |   |                                 |   |  For                    the three months ended September                    30, |      |
|-----------------------------------------------|--------|--------|--------------------------------------|--------|--------------------------------------------------------------------------------------|-----------|
|                                          |   |   |                                 |   |  2005                                                                           |      |  2004  |   |
| Net                    earnings               |   |   | As                    reported       |   | $                                                                                    | 1,857,210 |   |   | 1,565,359 |   |
|                                          |   |   | Proforma                        |   | $                                                                                    | 1,857,210 |   |   | 1,565,359 |   |
|                                          |   |   |                                 |   |                                                                                 |      |   |   |   |   |
| Net                    earnings per share     |   |   | As                    reported  |   | $                                                                                    | 0.56      |   |   | 0.47 |   |
|                                          |   |   | Proforma                        |   | $                                                                                    | 0.56      |   |   | 0.47 |   |
|                                          |   |   |                                 |   |                                                                                 |      |   |   |   |   |
| Diluted                    earnings per share |   |   | As                    reported       |   | $                                                                                    | 0.56      |   |   | 0.47 |   |
|                                          |   |   | Proforma                        |   | $                                                                                    | 0.56      |   |   | 0.47 |   |
|                                          |   |   |                                 |   |                                                                                 |      |   |   |   |   |
|                                          |   |   |                                 |   |  For                    the nine months ended September                    30,  |      |
|                                          |   |   |                                 |   |  2005                                                                           |      |  2004  |   |
| Net                    earnings               |   |   | As                    reported       |   | $                                                                                    | 5,118,386 |   |   | 4,347,654 |   |
|                                          |   |   | Proforma                        |   | $                                                                                    | 5,048,772 |   |   | 4,252,900 |   |
|                                          |   |   |                                 |   |                                                                                 |      |   |   |   |   |
| Net                    earnings per share     |   |   | As                    reported       |   | $                                                                                    | 1.54      |   |   | 1.32 |   |
|                                          |   |   | Proforma                        |   | $                                                                                    | 1.52      |   |   | 1.29 |   |
|                                          |   |   |                                 |   |                                                                                 |      |   |   |   |   |
| Diluted                    earnings per share |   |   | As                    reported       |   | $                                                                                    | 1.53      |   |   | 1.30 |   |
|                                          |   |   | Proforma                        |   | $                                                                                    | 1.51      |   |   | 1.27 |   |

| **(2)** | **Net                  Earnings Per Share** |
|---------|---------------------------------------------|

----

**WGNB        Corp.**

**Notes        to Consolidated Financial Statements**

**September        30, 2005**

**(unaudited)**

**(2)        Net Earnings Per Share, continued**

|                                                             |   | For                    the quarter ended September 30, 2005           |      |
|------------------------------------------------------------------|--------|-----------------------------------------------------------------------|-----------|
|                                                             |   |  Net                    Earnings                                 |      |  Common                    Shares |   |  Earnings                    per Share  |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Basic                    earnings per share                      |   | $                                                                     | 1,857,210 |   |   | 3,325,005 |   | $ | 0.56 |   |
| Effect                    of dilutive securities - Stock Options |   |                                                                  | —   |   |   | 18,655 |   |   | (0.00 | ) |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Diluted                    earnings per share                    |   | $                                                                     | 1,857,210 |   |   | 3,343,660 |   | $ | 0.56 |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
|                                                             |   |  For                    the quarter ended September 30, 2004     |      |
|                                                             |   |  Net                    Earnings                                 |      |  Common                    Shares |   |  Earnings                    per Share  |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Basic                    earnings per share                      |   | $                                                                     | 1,565,359 |   |   | 3,296,793 |   | $ | 0.47 |   |
| Effect                    of dilutive securities - Stock Options |   |                                                                  | —   |   |   | 50,594 |   |   | (0.00 | ) |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Diluted                    earnings per share                    |   | $                                                                     | 1,565,359 |   |   | 3,347,387 |   | $ | 0.47 |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
|                                                             |   |  For                    the nine months ended September 30, 2005 |      |
|                                                             |   |  Net                    Earnings                                 |      |  Common                    Shares  |   |  Earnings                    per Share  |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Basic                    earnings per share                      |   | $                                                                     | 5,118,386 |   |   | 3,324,458 |   | $ | 1.54 |   |
| Effect                    of dilutive securities - Stock Options |   |                                                                  | —   |   |   | 18,655 |   |   | (0.01 | ) |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Diluted                    earnings per share                    |   | $                                                                     | 5,118,386 |   |   | 3,343,113 |   | $ | 1.53 |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
|                                                             |   |  For                    the nine months ended September 30, 2004 |      |
|                                                             |   |  Net                    Earnings                                 |      |  Common                    Shares |   |  Earnings                    per Share  |   |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Basic                    earnings per share                      |   | $                                                                     | 4,347,654 |   |   | 3,303,337 |   | $ | 1.32 |   |
| Effect                    of dilutive securities - Stock Options |   |                                                                  | —   |   |   | 50,594 |   |   | (0.02 | ) |
|                                                             |   |                                                                  |      |   |   |   |   |   |   |   |
| Diluted                    earnings per share                    |   | $                                                                     | 4,347,654 |   |   | 3,353,931 |   | $ | 1.30 |   |

| **(3)** | **Contingent                  Liabilities** |
|---------|---------------------------------------------|

----

**Item        2.**
**        Management’s Discussion and Analysis of Results of Operations and Financial        Condition**

**Cautionary        Notice Regarding Forward-Looking Statements**

**Critical        Accounting Policies**

----

**Results        of Operations**

*Overview*

*Net        Interest Income*

*Non-Interest        Income and Expense*

----

*Income        Taxes*

----

*Provision        and Allowance for Loan and Lease Losses*

***Non-Performing        Assets and Past Due Loans***

**Financial        Condition**

*Overview*

----

*Assets        and Funding*

| **Loans**                                               |   |   | **At                  September 30, 2005** |   |   | **At                  December 31, 2004** |   |
|---------------------------------------------------------|--------|--------|--------------------------------------------|--------|--------|-------------------------------------------|--------|
| Commercial,                  financial and agricultural |   | $      | 44,037,130                                 |   |   | 50,527,769                                |   |
| Real                  Estate - mortgage                 |   |   | 197,478,944                                |   |   | 173,110,259                               |   |
| Real                  Estate - construction             |   |   | 149,075,141                                |   |   | 114,657,248                               |   |
| Consumer                                                |   |   | 21,536,611                                 |   |   | 18,614,114                                |   |
| **Total**                                               |   | **$**  | **412,127,826**                            |   |   | **356,909,390**                           |   |
|                                                    |   |   |                                       |   |   |                                      |   |
| Unearned                  loan fees                     |   |   | (819,386                                   | )      |   | (581,614                                  | )      |
| Allowance                  for loan and lease losses    |   |   | (4,860,444                                 | )      |   | (4,080,148                                | )      |
| **Net                  Loans**                          |   | **$**  | **406,447,996**                            |   |   | **352,247,628**                           |   |

*Liquidity        and Capital Resources*

----

|                                          |   |  **September                    30,                    2005**  |
|-----------------------------------------------|--------|--------------------------------------------------------------------------|
|                                          |   | **Actual**Amount****                                                     |   |   | **%**  |   |  **Required                    Amount** |   |   | **%**  |   |  **ExcessAmount** |   |   | **%**  |   |
|                                          |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    capital (to risk-    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| weighted                    assets)           |   | $                                                                        | 51,746 |   |   | 11.77 | % | $ | 35,183 |   |   | 8.00 | % | $ | 16,563 |   |   | 3.77 | % |
| Tier                    1 capital (to risk-   |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| weighted                    assets)           |   |                                                                     | 46,686 |   |   | 10.62 | % |   | 17,592 |   |   | 4.00 | % |   | 29,094 |   |   | 6.62 | % |
| Tier                    1 capital (to average |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| assets)                                       |   |                                                                     | 46,686 |   |   | 9.11 | % |   | 20,506 |   |   | 4.00 | % |   | 26,180 |   |   | 5.11 | % |

*Off        Balance Sheet Risks*

**Item        3. Quantitative and Qualitative Disclosures About Market Risk**

**Item        4. Controls and Procedures**

----

**Part        II - Other Information**

**Item        1.**
**Legal        Proceedings**

**Item        2.**
**Unregistered        Sales of Equity Securities and Use of Proceeds**

**Item        3.**
**Defaults        Upon Senior Securities**

**Item        4.**
**Submission        of Matters to a Vote of Security Holders**

**Item        5.**
**Other        Information**

**Item        6.**
**Exhibits        **

|   | 3.1 | Amended                  and Restated Articles of Incorporation (Incorporated by reference                  to                  Exhibit 3.1 to the Company’s Registration Statement on Form 10-SB filed                  June 14, 2000 (the “Form 10-SB”). |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Amended                  and Restated Bylaws (Incorporated by reference to Exhibit 3.2 to                  the Form                  10-SB). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1 | See                  exhibits 3.1 and 3.2 for provisions of Company’s Articles of Incorporation                  and Bylaws defining the rights of                  shareholders. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 4.2 | Specimen                  certificate representing shares of Common Stock (Incorporated by                  reference                  to Exhibit 4.2 to the Form 10-SB). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.3 | Rights                  Agreement dated as of February 12, 1997 between the Company and                  SunTrust                  Bank, Atlanta (Incorporated by reference to Exhibit 4.3 to the                  Form                  10-SB). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1 | Employment                  Agreement dated July 11, 2005 between West Georgia National Bank                  and W.                  Galen Hobbs (filed as Exhibit 10.1 to Form 8-K dated July 11, 2005                  and                  incorporated herein by reference). |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2 | Employment                  Agreement dated August 8, 2005 among WGNB Corp., West Georgia National                  Bank and Steven J. Haack (filed as Exhibit 10.1 to Form 8-K dated                  August                  8, 2005 and incorporated herein by                  reference). |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.3 | Employment                  Agreement dated August 8, 2005 among WGNB Corp., West Georgia National                  Bank and H.B. Lipham III (filed as Exhibit 10.2 to Form 8-K dated                  August                  8, 2005 and incorporated herein by                  reference). |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.1 | Certification                    of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                    Act of 2002 |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification                      of Chief Financial Officer pursuant to Section 302 of the Sarbanes                      Oxley                      Act of 2002 |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                        of Chief Executive Officer pursuant to Section 906 of the                        Sarbanes-Oxley                        Act of 2002 |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification                          of Chief Financial Officer pursuant to Section 906 of the                          Sarbanes Oxley                          Act of 2002 |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|         |                                     |                                         |
|--------------|------------------------------------------|----------------------------------------------|
|         | **WGNB                  CORP.**          |
|    |                                |                                    |
|         | By:                            | /s/ L.                  Leighton Alston |
|         | L.                  Leighton Alston      |
|         | President                  and CEO  |

|   |                                                    |                                    |
|--------|---------------------------------------------------------|-----------------------------------------|
|   |                                                    |                                    |
|   | By:                                           | /s/ Steven                J. Haack |
|   | Steven                J. Haack                          |
|   | TreasurerPrincipal                    Financial Officer |

----